Research On The Import & Export Of China's Forest Products And Its Determinants

With the continuous deepening of China's reform and opening up domestically, the economy has seen rapid growth. Urbanization is accelerating, building and decorating industries are growing rapid, the demand of forest products is soaring and China's participation in the international trade of forest products is increasing. China has become one of the major countries of the production, consumption and import and export trade of forest products. With the background of serious global environmental problems, forest and related products is of the growing importance as a strategic resource, especially for China with scarce forest resources.The analysis began with the overview of China's forest resources, and then discussed the development and competitiveness of forest products trade. Based on the domestic forest resources, socio-economic development of China, fixed asset investment situation of forestry, domestic and foreign consumption of forest products, the determinants of China's forest products trade were discussed from different point of views. The analysis of import and export of forest products from supply and demand sides respectively helped to accurately grasp the characteristics of China's forest products trade. It not only helped to promote healthy and smooth development of China's forest products trade, but also was committed to provide suggestions to the healthy development of the forest products market and the further research.First of all, the analysis described the recent endowment of the forest resources with statistical methods and the development and competitiveness of forest products trade. Then, it discussed the determinants of China's forest product import and export theoretically both from demand analysis and supply analysis. After that, it made two vector autoregressive models to the determinants of China's import and exports of forest products respectively. It analyzed the factors' impact mechanism with impulse response functions and variance decomposition. At last, the corresponding policy recommendations were made based on the analysis.The analysis indicated that:China mainly imports resource-based products and exports labor-intensive products, and China's forest products are at competitive disadvantage. Import of forest products is mainly-affected by the demand factors, while export of forest products is mainly affected by supply factors.